CSP Engineering: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CSP Engineering
Largest movements
- Current investments +€299,881
new in 2025: €299,881
- Cash -€121,681
down €121,681 (-27.8%), from €437,729 to €316,048
mainly Current investments (-€299,881) and Contributions, distributions and other (-€144,000)
- Stocks and contracts -€103,567
down €103,567 (-26.2%), from €395,918 to €292,351
of which Stocks: -€56,243
- Deferred charges and accrued income +€72,249
up €72,249 (+20915.2%), from €345 to €72,595
- Receivables within one year -€71,729
down €71,729 (-26.6%), from €269,670 to €197,941
of which Other amounts receivable: -€45,726
- Accrued charges and deferred income +€157,487
new in 2025: €157,487
- Debts after one year -€73,931
down €73,931 (-31.7%), from €233,089 to €159,158
- Current portion of long-term debt -€27,292
down €27,292 (-29.9%), from €91,256 to €63,965
- Other debts -€18,920
down €18,920 (-9.5%), from €200,000 to €181,080
- Gross operating margin -€405,315
down €405,315 (-50.1%), from €809,109 to €403,795
- Staff costs -€264,995
down €264,995 (-65.6%), from €404,149 to €139,154
- Depreciation -€13,772
down €13,772 (-14.1%), from €97,831 to €84,059
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,762,280 | €1,768,527 | +€6,246 | +0.4% |
| Fixed assets | 21/28 | €658,618 | €589,711 | -€68,907 | -10.5% |
| Intangible fixed assets | 21 | €1,746 | €512 | -€1,234 | -70.7% |
| Tangible fixed assets | 22/27 | €656,872 | €589,199 | -€67,673 | -10.3% |
| Land and buildings | 22 | €357,023 | €328,955 | -€28,068 | -7.9% |
| Plant, machinery and equipment | 23 | €252,046 | €233,358 | -€18,689 | -7.4% |
| Furniture and vehicles | 24 | €2,641 | €3,878 | +€1,237 | +46.8% |
| Leasing and similar rights | 25 | €45,162 | €23,008 | -€22,153 | -49.1% |
| Current assets | 29/58 | €1,103,663 | €1,178,816 | +€75,153 | +6.8% |
| Stocks and contracts in progress | 3 | €395,918 | €292,351 | -€103,567 | -26.2% |
| Stocks | 30/36 | €227,394 | €171,151 | -€56,243 | -24.7% |
| Contracts in progress | 37 | €168,524 | €121,200 | -€47,324 | -28.1% |
| Amounts receivable within one year | 40/41 | €269,670 | €197,941 | -€71,729 | -26.6% |
| Trade receivables | 40 | €164,138 | €138,134 | -€26,004 | -15.8% |
| Other amounts receivable | 41 | €105,532 | €59,806 | -€45,726 | -43.3% |
| Current investments | 50/53 | - | €299,881 | +€299,881 | |
| Cash at bank and in hand | 54/58 | €437,729 | €316,048 | -€121,681 | -27.8% |
| Deferred charges and accrued income | 490/1 | €345 | €72,595 | +€72,249 | +20915.2% |
| Total equity and liabilities | 10/49 | €1,762,280 | €1,768,527 | +€6,246 | +0.4% |
| Equity | 10/15 | €1,143,626 | €1,136,628 | -€6,998 | -0.6% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €1,131,221 | €1,124,223 | -€6,998 | -0.6% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,500 | €20,500 | = | 0.0% |
| Distributable reserves | 133 | €1,108,242 | €1,101,244 | -€6,998 | -0.6% |
| Amounts payable | 17/49 | €618,655 | €631,899 | +€13,244 | +2.1% |
| Amounts payable after more than one year | 17 | €233,089 | €159,158 | -€73,931 | -31.7% |
| Financial debts | 170/4 | €233,089 | €159,158 | -€73,931 | -31.7% |
| Amounts payable within one year | 42/48 | €385,566 | €315,254 | -€70,311 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €91,256 | €63,965 | -€27,292 | -29.9% |
| Trade debts | 44 | €61,905 | €46,229 | -€15,676 | -25.3% |
| Suppliers | 440/4 | €61,905 | €46,229 | -€15,676 | -25.3% |
| Taxes, remuneration and social security | 45 | €32,404 | €23,980 | -€8,423 | -26.0% |
| Taxes | 450/3 | €880 | - | -€880 | |
| Remuneration and social security | 454/9 | €31,524 | €23,980 | -€7,544 | -23.9% |
| Other amounts payable | 47/48 | €200,000 | €181,080 | -€18,920 | -9.5% |
| Accrued charges and deferred income | 492/3 | - | €157,487 | +€157,487 | |
| Non-recurring operating income | 76A | €5,856 | €284 | -€5,572 | -95.2% |
| Remuneration, social security and pensions | 62 | €404,149 | €139,154 | -€264,995 | -65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,831 | €84,059 | -€13,772 | -14.1% |
| Other operating charges | 640/8 | €9,735 | €12,300 | +€2,565 | +26.3% |
| Non-recurring operating charges | 66A | - | €2,063 | +€2,063 | |
| Gross operating margin | 9900 | €809,109 | €403,795 | -€405,315 | -50.1% |
| Operating profit (loss) | 9901 | €297,394 | €166,219 | -€131,174 | -44.1% |
| Financial income | 75/76B | €2,591 | €612 | -€1,978 | -76.4% |
| Recurring financial income | 75 | €899 | €612 | -€286 | -31.9% |
| Non-recurring financial income | 76B | €1,692 | - | -€1,692 | |
| Financial charges | 65/66B | €10,749 | €9,781 | -€968 | -9.0% |
| Recurring financial charges | 65 | €10,749 | €9,781 | -€968 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €289,236 | €157,051 | -€132,185 | -45.7% |
| Income taxes | 67/77 | €21,108 | €20,049 | -€1,059 | -5.0% |
| Profit (loss) for the period | 9904 | €268,128 | €137,002 | -€131,126 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €268,128 | €137,002 | -€131,126 | -48.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.